Exhibit 99.1

         S.Y. Bancorp Completes Current Stock Repurchase Plan;
       Initiates New Plan to Continue Stock Buy-Back Initiative


    LOUISVILLE, Ky.--(BUSINESS WIRE)--Nov. 21, 2007--S.Y. Bancorp,
Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust
Company, with offices in the Louisville metropolitan area,
Indianapolis and Cincinnati, today announced that it has completed its
current share repurchase plan, involving the buy-back of 567,500
shares since July 2007, of which 423,624 were repurchased under the
Company's previously announced Rule 10b5-1 stock trading plan. The
average cost per share for the just-completed repurchase plan was
$25.68.

    Accordingly, the Company's Board of Directors has authorized a new
share repurchase plan to replace the one just completed. The new plan,
authorizing the repurchase of 550,000 shares, or approximately 4% of
the Company's total common shares outstanding, will expire in November
2008 unless otherwise extended or completed at an earlier date. The
Company cannot assure the exact number of shares to be repurchased
prior to the expiration date of the plan.

    Commenting on the announcement, David Heintzman, Chairman and
Chief Executive Officer, said, "We are pleased to announce the
successful completion of our stock repurchase program and look forward
to continuing these capital management efforts with the new plan. The
Company's record of strong earnings growth has enabled us to build a
sound equity base to support our business development and expansion
initiatives. Today's action by the Board to initiate a replacement
plan for the one just completed signifies our ongoing commitment to
enhance shareholder value and provides greater flexibility to utilize
our equity in the most efficient manner as we pursue our growth
objectives."

    As before, the Company has established a Rule 10b5-1 stock trading
plan in connection with its authorized stock repurchase program.
Pursuant to the plan, a broker, on behalf of the Company, will
repurchase up to 550,000 shares, the total number of shares that
remain authorized under the Company's stock repurchase plan. From and
including November 21, 2007, through February 15, 2008, the trading
plan authorizes daily share repurchases equal to the lesser of (a)
7,500 shares, (b) 25% of the Company's average daily trading volume
for the prior four weeks, or (c) the limitations set by Exchange Act
Rule 10b-18. The broker will have complete discretion to determine the
dates of purchase during the plan period.

    Louisville, Kentucky-based S.Y. Bancorp, Inc., with $1.410 billion
in assets, was incorporated in 1988 as a bank holding company. It is
the parent company of Stock Yards Bank & Trust Company, which was
established in 1904.

    This report contains forward-looking statements under the Private
Securities Litigation Reform Act that involve risks and uncertainties.
Although the Company's management believes the assumptions underlying
the forward-looking statements contained herein are reasonable, any of
these assumptions could be inaccurate. Therefore, there can be no
assurance the forward-looking statements included herein will prove to
be accurate. Factors that could cause actual results to differ from
those discussed in forward-looking statements include, but are not
limited to: economic conditions both generally and more specifically
in the markets in which the Company and its subsidiaries operate;
competition for the Company's customers from other providers of
financial services; government legislation and regulation, which
change from time to time and over which the Company has no control;
changes in interest rates; material unforeseen changes in liquidity,
results of operations, or financial condition of the Company's
customers; and other risks detailed in the Company's filings with the
Securities and Exchange Commission, all of which are difficult to
predict and many of which are beyond the control of the Company.


    CONTACT: S.Y. Bancorp, Inc.
             Nancy B. Davis
             Executive Vice President,
             Treasurer and Chief Financial Officer
             502-625-9176